GRAND RAPIDS (WWJ) — (Pink Sheets: ADTY), a Grand Rapids-based company specializing in Internet advertising networks and services, today reported net income of $419,215 in the third quarter ended Sept. 30, up from $198,692 in the third quarter of 2012.

Revenue was $5.03 million, up from $2.8 million for the same quarter last year.

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“After spending significant time earlier this year on marketing and training upgrades, we expanded our employee count to 39 individuals, including increasing our inside sales force by 80 percent at the beginning of the fourth quarter,” said President and CEO Scott Brew. “We hope to see continued expansion of that team along with the resulting revenue growth as the new team gets up to speed.”

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Management noted substantial increases in most of its key metrics compared to the prior year quarter. Ad impressions for the third quarter also increased 73.7 percent versus the second quarter. Adtegrity reported serving more than 106 billion ad impressions during the third quarter, resulting in 56.9 million clicks and 3.3 million conversions for advertisers.

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